Quorum Federal Credit Union is headquartered in Purchase and is the 22 nd largest credit union in the state of New York. It is also the 400 th largest credit union in the nation. It was established in 1977 and as of September of 2020, it had grown to 133 employees and 68,732 members at 2 locations.Quorum Federal Credit Union has a B health rating. Quorum Federal Credit Union (Quorum) became the newest member of the “3 for 5 Club” this week, when it raised the rate on its 60-month Term Savings Account (TSA) to 3.00% APY.The 60-month TSA (Quorum’s version of a CD) can be opened with a $1k minimum deposit. While deposits made in conjunction with a new Quorum membership cannot exceed $250k, additional TSAs with a larger deposit can be Quorum Federal Credit Union has been open since 1977. It's the 22nd largest credit union in New York with assets totaling $871.4 Million and providing banking services to more than 70,000 members. Membership : The credit union is a member-owned financial cooperative providing banking services including savings , loans , and other financial services to members. Quorum Federal Credit Union. Custom Loan Program for International Graduate Students A loan from a not-for-profit credit union - a lender relationship you can trust . Contact us for membership details. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Voted one of the best credit unions in New York, Quorum is an online credit union that offers banking products like high-yield savings accounts, free checking, home loans, and more! We can help you with your everyday banking needs and long term financial goals. Did you know Quorum offers a free Bill Pay service? Our FREE online bill payment service that lets you pay and manage your bills in one place, so you can spend more time doing the things you love.. With bill pay you can receive and pay your cable/internet, utility, and credit card bills from one convenient place. Its motto is “Banking that’s good. For you.”. Quorum Federal Credit Union was also ranked by Bankrate as one of the best credit unions in the U.S. for 2020. If you’re a Quorum member, one Quorum Federal Credit Union offers a wide range of CD maturities for investors, ranging from 3 months to 5 years. Rates for most maturities have two tiers, with jumbo CDs, on deposits of $100,000 or more, earning an additional 0.10 percent APY. Quorum Federal Credit Union also offers promotional rates for four maturities.
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